Jed McCaleb, co-founder and former CTO of Ripple Labs, recently raised a whopping 214.5 million XRP tokens from his “Taco stand”Wallet to crypto exchanges.
McCaleb publishes 214.5 million of his XRPs
According to data from XRP analytics provider XRPScan, Jed McCaleb has launched 214.5 million of his XRP token holdings. Analysis shows that McCaleb has made a total of 20 transactions since June 3rd.
Three consecutive transactions each contained 16,353,884 XRP, the following 7 carried 12,915,667 XRP tokens, the other seven held 8,221,608 XRP and 6,036,204 XRP were moved by the last three transactions. It is noteworthy that all of the above transactions were executed within just 19 days.
The aggregated 214.5 million XRP tokens amount to $ 124,354,817.
The billionaire has now also received a whopping 408 million XRP tokens from Ripple. The amount is $ 235,984,954.
When will McCaleb run out of XRPs:
On the published data “Jed.tequ.dev” Website illustrates the likely patterns the crypto billionaire could run out of XRP holdings.
If McCaleb were releasing an average of 7,597,207 XRPs in the first scenario, it would have dropped to zero every week for the next 142 days. Which dates on November 12th
In the second case, if he releases 1,459,239 XRPs per month, he would run out of XRP tokens for the next 94 days, on September 25th.
If McCaleb finally decides to release his XRPs as soon as possible, he could sell an average of 12,744,966 XRPs every three months. That way, he would have sold all of his XRP inventory on September 15th (84 days from today).
Currently CTO of Stellar and developer of various blockchain-based projects; Jed McCaleb is one of the most influential personalities in the crypto world. Earlier this year it was featured in The Cryptocurrency Tycoons On Forbes’ 2021 Billionaires List.